Citizens Advisory Committee Quarterly Update Bill Van Meter, Assistant General Manager, Planning September 19, 2012

2 The RTD FasTracks Plan 122 miles of new light rail and commuter rail 18 miles of Bus Rapid Transit (BRT) service 31 new park-n-Rides; over 21,000 new spaces Enhanced Bus Network & Transit Hubs (FastConnects) Redevelopment of Denver Union Station 50+ new rail and/or BRT stations for Transit Oriented Communities opportunities

3 FasTracks Guiding Principles RTD staff uses the Guiding Principles to make decisions about implementing FasTracks –Ensure every step contributes to the full vision –Focus money available to the greatest good –Spend public money wisely –Maximize outside funding before going to taxpayers –Deliver key investments in all corridors Build As Much As We Can As Fast As We Can Until It Is All Done!

4 On-going FasTracks Implementation Continue implementing $4.2 billion worth of FasTracks projects Continue working with RTD Board and stakeholders to aggressively seek alternative funding sources for the program through grants, public private partnerships, unsolicited proposals, etc. Pursue a future sales and use tax election when the region is ready –Do not assume a specific date for a future election in upcoming submittals to DRCOG Identify key short-term decisions for program implementation Provide monthly updates to the RTD Board on the plan moving forward

5 RTP Amendment Overview RTD’s current assumption is to complete all of FasTracks with the existing 0.4 percent sales and use tax –RTD Board and stakeholders determined timing is not right to pursue a 2012 election; Board has not identified a future election year Due to this decision, RTD needs to update DRCOG’s Regional Transportation Plan (RTP), which identifies transportation projects that can be funded through 2035 –The RTP must be fiscally constrained to keep the entire region in line for federal funding –RTD, CDOT, and the region’s cities and counties must submit specific project lists and construction timeframes for all projects to be completed prior to 2035 to ensure the RTP remains fiscally constrained

6 RTP Amendment Overview (cont.) RTD submitted an RTP Amendment in August 2012 –This submittal represented a snap-shot in time, and will change as new opportunities arise –A full SB 208 report will be submitted in early 2014 The projects identified for completion by 2035 are based on their ability to leverage public/private funds and/or receive federal grants The project list and placeholder schedule can be revised through future RTP Amendments Staff requests formal recommendation tonight from the FasTracks Monitoring Committee on the proposed content of the RTP Amendment

7 List of Projects for RTP Amendment and Rationale Currently committed projects: Covers projects under construction and those funded through the $305 M I-225: RTD Board has approved construction of the entire line North Metro DUS to 72nd: Completing this segment positions North Metro for a future New Starts grant for the rest of the project US 36 Bus Rapid Transit to Table Mesa (remaining commitment): Allows RTD to continue partnering with CDOT and HPTE to leverage state funding and toll revenues Southeast Extension: Allows RTD to begin the New Starts grant application process –Process takes several years to complete; no Board decision on local match for 15 – 18 months

8 RTP Amendment: Financial Plan Results Assuming No Additional Revenues 2013 – – – 2035POST RTP 2035 – 2044 West Rail Line (2013) Central Corridor Planning Study (2012/2013) Central Extension US 36 Bus Rapid Transit: $120 M for Managed Lanes to 88 th Street (2012 – 2014) and $15M for Managed Lanes to Table Mesa (2014 – 2015) US 36: Remaining RTD Commitment Denver Union Station (2015) Northwest Rail: Longmont Station (2015) Northwest Rail: Westminster to Longmont Southwest Corridor Extension: UP Rail Line Relocation (2015) Southwest Extension Eagle Project (2016) I-225 (2016) Southeast Extension: Completion of New Starts Application (2016) Southeast Extension North Metro: Construction to Stock Show (2017) North Metro: Stock Show to 72 nd North Metro: 72 nd to 162 nd

9 Opportunities for Schedule Acceleration Successful future sales tax election –Potential RTD initiative –Potential RTD/CDOT initiative Better than expected sales tax revenues Additional grants, unsolicited proposals or public-private partnerships Current construction projects completed under budget Partnering with our stakeholders to make every dollar count through –Early agreement on project scope and no additional changes during construction –Timely reviews and permit approvals –Maximizing opportunities for local match

10 Looking Ahead February 2013: RTP Amendment approval by DRCOG Ongoing: Regional dialogue on implementation of the entire FasTracks program February 2014: RTD submittal of a new SB 208 report

11 Marking Off Milestones

12 Questions?